Costco Wholesale Company is an American membership-solely warehouse membership that gives a wide array of merchandise. As of 2014, it’s the second largest retailer in the USA and the third largest on this planet and the biggest membership warehouse membership chain in america. The present Costco is headquartered in Issaquah, Washington, United States and was based as Value Membership on July 12, 1976 in San Diego, California with its first warehouse beneath the Costco identify in Seattle, Washington seven years later. Immediately, Costco has a complete of 671 warehouses, spreading all through the UK (26), Australia (7), Canada (88), Mexico (34), Taiwan (10), South Korea (eleven), Japan (20), Spain (1)[10] and america (474). In america, the primary opponents working membership warehouses are Sam’s Membership and BJ’s Wholesale Membership. Though Sam’s Membership has extra warehouses than Costco, Costco has larger whole gross sales quantity. Costco employs about 174,000 full and half-time workers. As of February 2013, Costco had seventy one.2 million members. Costco was the primary firm to develop from zero to $three billion in gross sales in underneath six years. For the fiscal 12 months ending on August 31, 2012, the corporate’s gross sales totaled $ninety seven.062 billion, with $1.709 billion web revenue. Costco is nineteenth on the 2014 Fortune 500. The ACSI (The American Buyer Satisfaction Index) named Costco primary within the specialty retail retailer business with a rating of eighty three in This autumn 2008. As of December 2013, Costco’s board of administrators is chaired by co-founder Jeffrey H. Brotman and consists of two officers of the corporate: President/CEO W. Craig Jelinek and CFO Richard A. Galanti....